Local Economy

Last updated: Monday, November 19, 2018

Bac Kan Urged to Boost Growth

Posted: Monday, November 20, 2017

Prime Minister Nguyen Xuan Phuc has the asked authorities of the mountainous northern province of Bac Kan to take synchronous measures to improve growth quality and promote economic development in a more prompt and sustainable manner.

Speaking at a conference on promoting investment in Bac Kan province, on November 19, the Government leader urged the locality to effectively perform its sectorial plans, while improving its effectiveness in using its resources for investment and development.

Bac Kan has developed from a war resistance base to become a role model and a vanguard in poverty reduction and sustainable development, the PM said, adding that the province is a symbol of the close relationship between the Party and the people.

Prime Minister Phuc asked the province to tap into its potential to boost its economic growth, as well as uphold its unity, mobilise the community’s resources and build trust among investors and businesses.

The Prime Minister spoke highly of the province’s recent social economic achievements and its mining potential, with lead and zinc reserves of more than 25 million tonnes and over 400,000 hectares of forest land.

As a province which enjoys favourable conditions to boost tourism and agriculture, Bac Kan should improve its investment environment and competitiveness and cooperate with other localities, the PM said.

The Government will create more favourable policies in order to help boost the local growth, he added.

At a meeting with the provincial authorities on the same day, PM Phuc stressed the need to make more efforts to achieve the targets set for this year, especially in increasing economic growth, budget collection and restructuring the economy.

The province needs to mobilise social resources, work out specific programmes and solutions to reduce poverty, while focusing on planting trees, medicinal herbs, cash crops and raising cows, he noted.